Friday, October 30, 2009

Why Gevlon is Wrong, and Right

After reading Gevlons post today, I stopped to think about why on my server his methods wouldn’t work so well.

When I first started down my glyph making adventures, I figured out exactly what Gevlon was doing and followed it to the T. I noticed I made a TON of gold during the first 2-6 hours… and during the remaining 40-42 hours or so of my 48 hour auction I made next to nothing.

After spending some time I learned I have about 6 to 8 people on my server that I’m fairly certain use QA2. I’ve monitored their habits and notice they get on and on regular intervals undercut each other, and when the prices get low enough they quit posting that glyph and leave a hole in the glyph market.

Like any other sensible goblin, I reacted to my new found information. I installed and configured QA2 and started posting twice a day… right after the competition posted early in the day, and about 90 min before they posted later that night. Suddenly I noticed my profits dropped slightly during the first few hours… however I was now selling glyphs at a constant rate and I normalized my income at a higher average.

Obviously what Gevlon does on his server works for him, it also works for me on my server, but just not as well as QA. I guess the moral of today’s post is QA is better if you have a large number of scribes in your market, and Auctioneer is better with little competition.

Monday, October 26, 2009

The Weekend

I spent the entire day Saturday working on my house. I spent the entire day Sunday relaxing with my wife. Today I logged on and checked my mail with about 950 expired auctions, 3500g and 7 or 8 COD shipments of herbs from my farmer

Should have put the auctions on 48 hrs… oh well the break was nice and relaxing. I got on during my lunch break and re-posted everything.

Friday, October 23, 2009

The 20k Wall

Sorry for going so long w/o having a post. As I mentioned earlier this week, I’ve been feeling ill (thanks to my coworkers who come to work sick).

Anywho I’m feeling well now. I’ve been trying a few things in the market that I will discuss later. I’m 100% sure my competitors have been reading my blog so I’m not going to disclose anything until I feel safe to do so.

I’m at the 20k wall. I was at 22k for a while, went down to 19, back up to 21, down to 15, back now to 17.5…. why?

After looking at what I’ve been doing, I’ve been investing into both the herb market as well as two other projects I’m getting started. It was the same thing when I hit the 10k wall. What will most likely happen is I will fill up bag space for my investments, and turn around and start using them and shoot up to 30 or 35k… I donno we’ll see if this is true or not.

In other news, Gevlon if your reading this bring your blog back to wow topics. I used to enjoy reading your blog daily… anymore its not interesting.

Tip for the day: Post your auctions before 7:30. A study of internet traffic was posted today and wow traffic peaks a few moments before 8pm EST and dips off quickly about 11pm EST.

Tuesday, October 20, 2009

My New Stratagy

Sorry I haven't posted in a few days, I've been feeling I'll.

This is my new gold making strat... enjoy, a real post will be up tomorrow during lunch.

Thursday, October 15, 2009

Step 1 Buy Vendor Mats, Step 2 ???, Step 3 Profit.

Copper rod costs 1s 24c from vendors without any discount. I sold one for 39g99s99c last night. Got to love idiots.

I think my next business move will be to roll a DK on my 2nd account and lvl him to 60. I need to have an account for JCing and Enchanting, and I’d like to be able to prospect/de during raid downtime

I’m worried that doing this is going to cost too much to quick, however price of saronite is still around 17g on my server and the herbs have jumped from 17 to 40 and show little sign of returning.

I did buy a 5th bank tab today as I needed more room for herbs and inks I’m trying to store up. I’m back up to 1 full bank tab of inks w00t! Guild bank is down to 19k.

I’ve decided there is nothing “special” you have to do to make money in warcraft, you just have to want to get money. Hopefully over time my blog will help someone else get rich.

Tip of the day: list several copper rods or coal or something on the AH for 100g. do this every day for a week or so. Then start listing the same items on your main for 40g, idiots think they are underpriced and buy ‘em.

Wednesday, October 14, 2009

The Gold Farmer

So the other day when I was spamming /2 looking for someone to sell herbs directly to me and lo and behold a gold farmer sent a pst that went something like this…

Him: “do you have your epic flying?”
Me: “yes”
Him: “do you want to buy gold? 10000g for $99”
Me: “no, but do you sell icethorn? I’ll buy all you have for 22g a stack?”
Him: “yes we sell that, come meet me in the dwarf start zone”

Meet him in the dwarf start zone should have been my first clue. The next 45 min. was wasted with me going out to Dun Mourogh (spelling?) and trying to talk to this guy who honestly didn’t understand me, but was replying all in macros. /sigh I should have went with my instinct.

I’m still sitting at 22,000g in the guild bank, and I’m just trying to sell off all my glyphs as I slowly stockpile herbs. The price is back up to 42g a stack, but I manage to get some every now and again for less.

I’m thinking about getting into jewel crafting, but I’m not sure yet. I kind of want to hit the 25k mark before I branch off and spend money to power level something.

Question of the day (if anyone cares to comment) What market should I try to branch into next, and why?

Tuesday, October 13, 2009

Lower Herb Prices and Free Help

I, unfortunately, spent most of my weekend away from warcraft. My guild raided ToGC Friday night and first thing Saturday I gathered up 12 or 13 friends to help me paint my new home that is still currently under construction.

Out of these 12 or 13 friends, only 1 of them was being paid (she paints houses as a side job) everyone else was free labor. Everyone knew this said person was being paid, but no one complained, and everyone put in the same amount of hours… I thought to myself why? The answer, my friends know me well and like me and know that if they need help I’ll be there for them. But this brings up a great discussion about warcraft…

My guild mates and friends who craft things for me for free and spend time helping me on my side projects can’t know me to well as they have never met me. They know me as a lvl 80 dwarf warrior who has a red beard. They assume I will help them out when they need me (and I always try) but if I decide not to help them, it’s not like they are going to show up at my door or call me on the phone to make me feel bad about it. I’m not sure that I understand how trust is formed like this inside of a virtual game.

In other news I’ve been noticing herb prices falling back from their 44g/stack peak and they are back to about 25g/stack. I’ve spent the last 5 or 6 days re-stocking my ink and herb supplies and selling out of the glyphs I currently have made. My goal is to fill up all 6 tabs of my guild bank without touching my current gold reserve of 22k. We’ll see how this goes.

Friday, October 9, 2009

I hate MMO-Champion!!!

So we all know of the now infamous post by MMO Champion that turned every market on every server upside down. Let me describe how this has screwed up my server…

First Icethorn and Adders Tongue prices shot up from 16-18g a stack, to about 35-42g a stack! I was hoping this would be enough to stop the extra competition from moving into the market, but I guess I was wrong.

My farmer was banned some time ago, so I’ve been just buying herbs from the AH to make my inks. The day that MMO made the post, I had 2 guild bank tabs FULL with stacks of ink of the sea (or about 3920 inks). I thought I had enough to last about 2 weeks.

But this is where odd things started happening… glyphs actually rose in price… but this was short lived they came crashing down within the first 48 hours. I’ve watched as my average sale went from 12g to 9.8g…

This is the killer… glyph prices fell about 20%, as the cost of the materials went up about 110%.

I currently have enough ink to last me till Tuesday… MAYBE Wednesday…. I may have to do something very un-goblin like and bow out for a week or two till the dust settles from MMO and their stupid post.

Thursday, October 8, 2009

First post!

I've been wanting to start a blog about my WoW experiances for some time now, and I finally got around to it!

Today I'd like to talk about my gold making. A few months back I stumbled across a post by chance from Gevlon and thought to myself "Hey, I could probably do that!" and so I leveled my 60 alts tailoring up enough to start making netherweave bags.

Before to long, I was reading more and more blogs and forums about scribes who were making tens and hundreds of thousands of gold. I took another one of my alts and power leveled inscription.

So here I am today, making my own first post about my Warcraft life. I've gone from the person who mindlessly did dailys non stop to buy my first epic flyer, to the person who has epic flying on 3 alts, a chopper and 25k cold hard cash in my bank.

I'll will try to post at least 3 to 5 times a week, so check back often!